https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48 Notes from classmates en-us 2021-11-21 11:22:21 UTC 2021-12-01 05:23:50 UTC hello@padlet.com https://padlet.net/icons/png/1f9d0.png lucaslei1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919455968 3 employees who have the control of the business and able to make decisions in a short amount of time. Lucas]]> 2021-11-30 03:04:42 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919455968 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919456243 2021-11-30 03:04:53 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919456243 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919457025 2021-11-30 03:05:25 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919457025 johnny_lin1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919457618 A company want to try new product, and they can very quick to adapt without long-term decision-making]]> 2021-11-30 03:05:49 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919457618 fionaliu0222_2_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919459590 Flexibility, generally lean staffing, and the ability to develop close relationships with customers.]]> 2021-11-30 03:07:10 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919459590 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461190 Independence. Entrepreneurs are their own bosses. They make the decisions. They choose whom to do business with and what work they will do. They decide what hours to work, as well as what to pay and whether to take vacations.]]> 2021-11-30 03:08:15 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461190 johnny_lin1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461224 As a large organization, it can set a certain price, and the other similar company will have to follow

]]> 2021-11-30 03:08:16 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461224 ryan_lo https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461279 Large businesses usually have better access to capital as they have access to several different sources of finance such as issuing debentures. By Ryan Lo

]]> 2021-11-30 03:08:19 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461279 fionaliu0222_2_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461441 More established and have greater access to funding.]]> 2021-11-30 03:08:27 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919461441 diegohuang1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919462368 Small businesses are able to adapt quickly to the market.]]> 2021-11-30 03:09:01 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919462368 lucaslei1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919463660 Able to research and innovate new, expensive products.]]> 2021-11-30 03:09:50 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919463660 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919463941 More capital . They can have larger cash flow because of more employees are working. ]]> 2021-11-30 03:10:01 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919463941 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919465882 Large company are often more efficient than small ones because they can gain from economies of scale. ]]> 2021-11-30 03:11:22 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919465882 diegohuang1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466348 Large companies usually have people who have expertises in different areas. They give a good opportunity for new workers to learn.]]> 2021-11-30 03:11:43 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466348 johnny_lin1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466614 As a small business, it is very easy to be affected by negative impact of external change such as: police, pandemic, nature disaster]]> 2021-11-30 03:11:55 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466614 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466816 Financial risky. Most people who created the small organization are using their personal savings, investments, or retirement funds. It's very risky for putting all of your money into business. ]]> 2021-11-30 03:12:06 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466816 fionaliu0222_2_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466827 Small-scale operations tend to be much more reliant on loans.]]> 2021-11-30 03:12:06 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919466827 ryan_lo https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919467625 Poor flexibility. Large businesses tend to be less flexible and adaptive to change. They are often not able to respond quickly to meet changing customer needs and wants]]> 2021-11-30 03:12:41 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919467625 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919467660 Small businesses are easier to maintain, decisions can be made easier compared to large companies.]]> 2021-11-30 03:12:42 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919467660 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919468031 It is very limited, so it can be harder to get financial/specialist sources compared to large organizations]]> 2021-11-30 03:12:59 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919468031 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919468528 It's hard to make a call or decision because there are too many people are involved in the business. ]]> 2021-11-30 03:13:20 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919468528 diegohuang1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919468879 It is quite stressful as a business owner because as an owner, you are the business.]]> 2021-11-30 03:13:38 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919468879 johnny_lin1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919469635 The slow-decision making could drag the progress of the big business]]> 2021-11-30 03:14:11 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919469635 lucaslei1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919469695 the one owner has to take all the responsibilities of financial lost]]> 2021-11-30 03:14:14 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919469695 lucaslei1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919471502 Not all the stakeholders are included in discussion.]]> 2021-11-30 03:15:26 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919471502 fionaliu0222_2_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919471995 Hard to make decisions because there are too many people in the company. ]]> 2021-11-30 03:15:49 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1919471995 diegohuang1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1920173663 Large companies usually have poor flexibility. ]]> 2021-11-30 11:53:40 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1920173663 justin_sun https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922042858 Internal growth occurs when a business gets larger by increasing the scale of its own operations rather than relying on integration with other businesses. For example, expanding the product range, or number of business units and location. ]]> 2021-12-01 05:01:11 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922042858 fionaliu0222_2_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922042958 Internal growth is the organic development of an organization through strategic decision-making designed to increase a company's size. For example, when Apple create a new iphone.]]> 2021-12-01 05:01:18 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922042958 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043302 The definition of Internal Growth is when a business grows by developing their own new product/location/etc, an example is Starbucks developing new tea drinks for stores in Taiwan, this is internal because even though they moved to the new country, they still expanded their business from the inside]]> 2021-12-01 05:01:37 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043302 lucaslei1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043599 a company uses its own tools and resources to expand company

Apple expands its store to Kaohsiung.]]> 2021-12-01 05:01:58 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043599 johnny_lin1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043760 The Boeing Company is the largest aerospace company in the world, thanks to its 1997 merger with McDonnell Douglas Corporation and its 1996 purchase of the defense and space units of Rockwell International Corporation.]]> 2021-12-01 05:02:08 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043760 justin_sun https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043798 Emerging with another company or taking over a company to expand its scale of operations. ]]> 2021-12-01 05:02:10 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922043798 diegohuang1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045436 Internal growth refers to expansion from within the business, such as expanding the range of products and locations of stores.

Example: Starbucks expands its stores around the world.]]> 2021-12-01 05:03:52 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045436 fionaliu0222_2_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045660 External growth usually involves a merger or takeover. For example, Evergreen, political will affect it. ]]> 2021-12-01 05:04:06 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045660 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045696 The definition of External Growths is when a business grows by purchasing or merging with another business]]> 2021-12-01 05:04:09 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045696 ryan_lo https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045709 In 2019, United Technologies merged with Raytheon to create Raytheon Technologies.]]> 2021-12-01 05:04:10 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045709 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045797 Small company can make decision quickly, when they want to or try to develop new product]]> 2021-12-01 05:04:16 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922045797 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922047364 Large company have more capital and resources ]]> 2021-12-01 05:06:07 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922047364 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922047858 Carrefour (家樂福) bought the Wellcome （頂好）grocery store chain, and they are now one company （in Taiwan）]]> 2021-12-01 05:06:38 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922047858 diegohuang1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922047961 External growth means that businesses expand by taking over or merging with another business.

Example:]]> 2021-12-01 05:06:45 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922047961 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922048808 Internal growth is the organic development of an organization through strategic decision-making designed to increase a company's size 

Starbucks expand its stores around the world. ]]> 2021-12-01 05:07:37 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922048808 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922049811 United Airline bought Continental Airline and they merged together into one large company, this is external because they expanded by acquiring another business.]]> 2021-12-01 05:08:42 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922049811 lucaslei1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922049861 growth of a company that results from using external resources and capabilities rather than from internal business activities

Facebook partnerships with Ray-Ben to invents its virtual glasses.]]> 2021-12-01 05:08:45 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922049861 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922049893 Small companies have limited resources and once they lose money, they can only be borne by a few people.]]> 2021-12-01 05:08:47 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922049893 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922051136 Also known as organic growth, expansion within a business such as expanding the range of products, locations. For an example, Chipotle is opening a new store in Taiwan.


]]> 2021-12-01 05:10:00 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922051136 lucaslei1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922052013 PSG bought Talon Esports for esports cooperation. ]]> 2021-12-01 05:10:55 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922052013 justin_sun https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922053934 In 2013, American Airlines merged with US Airways.]]> 2021-12-01 05:12:54 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922053934 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922055687 In large company, when they make decision, they need  a bunch of procedures to decide.
Maybe will delay ]]> 2021-12-01 05:14:45 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922055687 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922056889 External growth refers to the expansion of business by relying on the synergy of internal and external resources and capabilities.

Example: 

• Volkswagen buying Porsche to expand its brand.

]]> 2021-12-01 05:16:09 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922056889 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922057478 Amazon buying LoveFilm

]]> 2021-12-01 05:16:49 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922057478 fionaliu0222_2_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922058875 Volkswagen bought Porsche to decrease competitors.

]]> 2021-12-01 05:18:24 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922058875 diegohuang1_1 https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922060916 Carrefour takeovers the ]]> 2021-12-01 05:20:39 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922060916 stanford_chan https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922063838 PX Mart (全聯）bought RT-MART(大潤發） by 15 billions NTD]]> 2021-12-01 05:23:36 UTC https://padlet.com/eddie_rodriguez2/yimk1g7kqdhopj48/wish/1922063838